Global Pole Correlations
| GPGCDelisted Stock | USD 0.40 0.00 0.00% |
The current 90-days correlation between Global Pole Trusion and Polar Power is -0.05 (i.e., Good diversification). The correlation of Global Pole is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Global Pole Correlation With Market
Significant diversification
The correlation between Global Pole Trusion and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Pole Trusion and DJI in the same portfolio, assuming nothing else is changed.
Global |
The ability to find closely correlated positions to Global Pole could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Pole when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Pole - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Pole Trusion to buy it.
Moving together with Global Pink Sheet
Moving against Global Pink Sheet
| 0.59 | 2457 | Phihong Technology | PairCorr |
| 0.48 | PTAIF | PT Astra International | PairCorr |
| 0.45 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.44 | PHJMF | PT Hanjaya Mandala | PairCorr |
| 0.43 | PTAIY | Astra International Tbk | PairCorr |
| 0.39 | PUTKY | United Tractors Tbk | PairCorr |
Related Correlations Analysis
| 0.65 | 0.5 | 0.5 | 0.44 | 0.57 | POLA | ||
| 0.65 | 0.54 | 0.48 | 0.29 | 0.59 | MVST | ||
| 0.5 | 0.54 | 0.91 | 0.86 | 0.29 | XPON | ||
| 0.5 | 0.48 | 0.91 | 0.85 | 0.32 | DFLI | ||
| 0.44 | 0.29 | 0.86 | 0.85 | 0.26 | OZSC | ||
| 0.57 | 0.59 | 0.29 | 0.32 | 0.26 | EOSE | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Global Pink Sheet performing well and Global Pole Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Global Pole's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POLA | 4.07 | 0.15 | 0.03 | 0.64 | 5.86 | 12.20 | 49.28 | |||
| MVST | 7.11 | 0.63 | 0.08 | 0.48 | 7.79 | 24.84 | 64.07 | |||
| XPON | 4.12 | (0.61) | 0.00 | (0.63) | 0.00 | 8.70 | 44.17 | |||
| DFLI | 4.84 | (1.06) | 0.00 | (0.71) | 0.00 | 13.04 | 42.52 | |||
| OZSC | 9.28 | (0.24) | 0.00 | (0.84) | 0.00 | 33.33 | 83.33 | |||
| EOSE | 5.23 | 0.85 | 0.14 | 0.21 | 4.90 | 13.79 | 40.49 |
Global Pole Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global Pole pink sheet to make a market-neutral strategy. Peer analysis of Global Pole could also be used in its relative valuation, which is a method of valuing Global Pole by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Global Pole Corporate Management
| Ramiro Guerrero | President, Chairman | Profile | |
| Olivia Gottlieb | Director Marketing | Profile | |
| Jose Guerrero | COO, VP | Profile | |
| Mohamed Akrouf | Exec Director | Profile |
Still Interested in Global Pole Trusion?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.